Sure.
And we can go ahead and tell young people that the reason they did everything right—studied, got good grades, graduated from college—and yet can’t find a job or buy a house, is because we sent their jobs to China so China can use the money to drive the price of houses so high our kids will be living with their parents until they are old themselves.
I did not mean to sound like I thought it was a good idea.
It is the result as you pointed out-we buy goods and services from the Chinese. They accumulate dollars and buy our real estate, stocks, bonds, and so forth.
No, you can tell young people that they wasted their money when they majored in gender studies, black studies, and sociology.
I have a friend whose son majored in petroleum engineering. His starting salary was 125k and they fly him to N. Dakota four days a week in a private plane. Pretty good for a 21 year old kid. Sociology majors do not command that kind of salary.
+1